Taiwan - The MOEA Announced That The Government Would Continue To Proceed On Its Current Energy Transformation Policy After Evaluation Of The Energy Referendum.
Legal News & Analysis - Asia Pacific - Taiwan - Energy & Project Finance
5 April, 2019
The MOEA announced the result of evaluation of the energy referendum on January 31, 2019. The government deemed the extenaion or re-starting of the nuclear plants difficult, and would continue to proceed on its current energy transformation policy.
The official announcement by the MOEA regarding the 3 energy referenda passed at the end of 2018 indicates:
(1) currently the MOEA does not have any plan to increase or expand coal fired power facilities.
(2) the MOEA has announced that Paragragh 1 of the Article 95 repealed as of December 2, 2018;
(3) reducing coal fired power generation by 1% annual for the years of 2019 and 2020 should be achievable but would be diffifult beginning the year of 2021.
The MOEA also indicated that the extension or re-starting of the nuclear power plants would be difficult because that the objective factors were unfavorable, the public opinion were unsupportive; and therefore the government would continue to procced on its current energy transformation policy.
For further information, please contact:
C. Y. Huang, Partner, Tsar & Tsai Law Firm